People have started buying stocks it seems

by GazBB

All,

“U.S. equity funds lure inflows for third straight week”

www.investing.com/news/economy/us-equity-funds-lure-inflows-for-third-straight-week-2933035

Just saw this. Of course the amount of money is quite small compared to the size of the equity market but it does signal that we might have reached a bottom. I guess this is a really good opportunity for those sitting on a pile of cash.

Edit #1:

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For naysayers, I have used the word “might” and not “will”. Yes, there’s a small chance that market can go still lower but there are quite a few things that point to the opposite.

www.investing.com/news/economy/collins-says-fed-policy-moving-into-new-phase-open-to-smaller-rate-hikes-2933234

Rates are still expected to go up but at a slower pace. Feds tone now is less hawkish than before. And that’s a good sign for the market.

Edit #2:

Considering rampant inflation, and that peoples savings have taken a hit, the billions of $$$ poured into the market from fund companies rather than retail investors. It’s a speculation but one that makes sense.

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